Launched jointly by the 12-university consortium known as the Committee on Institutional Cooperation (CIC) and the 11 university libraries of the University of California system, the HathiTrust leverages the time-honored commitment to preservation and access to information that university libraries have valued for centuries. UC’s participation will be coordinated by the California Digital Library (CDL), which brings its deep and innovative experience in digital curation and online scholarship to the HathiTrust.
HathiTrust - a "shared digital future."
And a commentary from John Wilkin's blog:
In short, HathiTrust is an effort born of libraries, working to bring the lasting contributions of libraries to bear on the growing body of digital materials available to students and researchers. Much has been said and written about the silo effect of digital libraries, the way that our early technological efforts balkanized content and failed to capitalize on economies of scale. With the creation of HathiTrust, many of the world's great research libraries will work together to create a single, comprehensive library without walls. Our partners will work to coordinate their investments both in curating content and in building services, to create a whole greater than the sum of its parts.